Question
a)calculate the total estimated bad debts based on the below information b) prepare the year-end adjusting journal entry to rcord tha bad debts using the
a)calculate the total estimated bad debts based on the below information
b) prepare the year-end adjusting journal entry to rcord tha bad debts using the allowance mthod and the aged uncollectible accounts receivable determinated in Assume the current balance in the allowance for doubtful accounts account is a $10,000 credit
c) of the above accounts $2,000 is determined to be specifically uncollectible. prepare the journal entry to Write off the uncollectible accounts
d) the company subsequently collects $1,000 on a specific account that had previously been determined to be uncollectible in instruction prepare the journal entry necessary to rectores the account and rcord the cash collection
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